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Commodity price-driven impairments of $US1.2B relating to the Moranbah and Grosvenor coal assets in Australia’s Queensland, has helped push global miner Anglo American to a pre-tax loss of $US364M for the June 2016 half (H1 2016) from H1 2015’s $1.92B loss.

Anglo American has reshuffled the leadership of its coal and iron ore businesses, triggered by the decision of Norman Mbazima to step down after 4 years as Kumba Iron Ore CEO to focus on his role as the group's South African deputy chairman.Themba Mkhwanazi has been appointed Kumba CEO while July Ndlovu, currently heading processing operations at Amplats, will replace Mkhwanazi as CEO of Coal South Africa. Both men will report to Bulk Commodity boss Seamus French while Mbazima will continue to oversee efforts to divest non-core assets including Kumba and thermal coal.

Global miner Anglo American’s planned assets sales of $US3B-$4B this year to cut net debt to under $10B by end-2016 has seen June 2016 qtr (Q2 16) diamond, nickel, copper and Brazilian iron ore production down, and only platinum and export thermal coal up.

Botswana's newly formed Minerals Development Co has announced the acquisition of De Beers' 50% interest in the 3.2Mtpa Morupule coal mine, Reuters reports. The price was not disclosed.The sale fits parent Anglo American's strategy of reducing its commodities portfolio. De Beers held its 50% interest in JV with the Botswana govt.

Several leading gold producers have filed individual appeals against a South African High Court ruling allowing a class action by current and past employees over silicosis and tuberculosis.The court decision opens the way for 30 companies to face potential penalties and costs of millions of dollars in what could be South Africa's largest class-action suit. News site AllAfrica says the appeals were filed by African Rainbow Minerals, Anglo American, AngloGold Ashanti, Gold Fields, Harmony and Sibanye Gold.

AQC can move to 100% ownership of the Dartbrook thermal coal mine in the NSW Hunter Valley of Australia after Marubeni Coal decided to exercise its tag-along right for sale of its 16.67% interest for $A5M cash and royalties capped at $5M. It follows AQC's binding agreement in December to acquire 83.33% from Anglo American.Final agreement on the Anglo deal is expected within weeks.

The South African High Court has given the go-ahead for the courts to hear potentially the country's largest class action over generations of mine employees suffering the work-related diseases silicosis and tuberculosis.